Task Force for Socially Responsible Investing at the University of Toronto

Welcome to the website for the Task Force for Socially Responsible Investing at the University of Toronto. We are a group of students from various faculties and alumni working to get the University to adopt a policy about investing its $1 billion-plus endowment in a socially responsible manner. Below, you will find some links and documents that the Task Force has used as references thus far.

Research Agenda and Members Assignments

Research Agenda for the Task Force

Research Assignments:
Amy - Barnard
Ben S - Dartmouth
Howard - Michigan, Berkeley
Matthew - Princeton
Joe - Harvard, UofT history
Jonathan - Smith College
Justin - Yale, explore other Canadian schools
Lorne - Columbia
Marjan - U Penn
Michael Jordon - Stanford
Patrick - Swarthmore
Rob W - Williams College
Travis - Brown University

University of Toronto Related

University of Toronto Asset Management Corporation (UTAM) (the University's investment subsidiary that manages the endowment fund)

University of Toronto Investment Policy 2005

University of Toronto's Policy on Social and Political Issues With Respect to University Investment

"University's Endowment Fund - A Time for Action" Article in the September 13, 2005 issue of Ultra Vires (U of T Faculty of Law Student Newspaper)

On the Road to Tobacco Divestment: A Progress Report by Justin Trumpickas and Joe Dunlop (A report on the state of Tobacco Divestment at the University of Toronto)

Socially Responsible Investment at the University of Toronto: A Brief History by Joe Dunlop


Canadian Institutions

Socially Responsible Investing:  Canadian Universities by Justin Trumpickas

University of Waterloo
Waterloo, Ontario

Socially Responsible Investing at the University of Waterloo


Private U.S. Institutions

Barnard College
New York, New York

Barnard College SRI Case Study by Amy Smeltzer

Brown University
Providence, Rhode Island

Preliminary Research on SRI at Brown University by Travis Allan

Dartmouth College
Hanover, New Hampshire

Current and Previous SRI Policy and Practice at Dartmouth College by Ben Shaer

Harvard University

Harvard University SRI Report by Joe Dunlop

University of Pennsylvania
Philadelphia, Pennsylvania

University of Pennsylvania Endowment Research Fund by Marjan Ziadlou

Princeton University
Princeton, New Jersey

Princeton SRI research by Sam Ault

Q and A with Princeton SRI Folks by Sam Ault

Smith College

SRI at Smith College

Swarthmore College
Swarthmore, Pennsylvania

Swarthmore College SRI Information by Pat Dolan

Williams College
Williamstown, Massachusetts

About Williams College

Williams is Responsible for the Consequences of its Investments by Mike Levien. Williams Record, April 11, 2000

Students Compel Williams College to Offer Social Investment Option for Donors by William Baue SocialFunds.com, February 14, 2002

Case Study: The Williams Social Choice Fund excerpted from Investing in Social Change:  A Student Handbook on Community Investment by Colleges and Universities Produced By Equity Trust, Inc.

Proposal for Transparency Policy Williams College Advisory Committee on Shareholder Responsibility

Yale University
New Haven, Connecticut

Socially Responsible Investing at Yale University by Justin Trumpickas


Public U.S. Institutions

University of California
California State

SRI at University of California by Howard Tam

Policy on Disclosure of University of California Retirement Plan General Endowment Pool Investment-Related Information University of California

Regents Set To Exclude Tobacco in UC Portfolio by Tanya Schevitz, San Francisco Chronicle January 12, 2001

About the University's General Endowment Pool Office of the Treasurer of the Board of Regents

University of California General Endowment Pool Investment Policy Statement


University of Michigan
Michigan State

SRI at University of Michigan by Howard Tam

Report and Recommendations of the Ad Hoc Advisory Committee on Tobacco Investments University of Michigan, March 17, 2000 (ultimately led to tobacco divestment at University of Michigan)

Law would protect 'U' investment information by David Branson The Michigan Daily April 13, 2004

Investment Practices at University of Michigan University of Michigan Standard Practice Guide

University Endowment Fund Profile (as of June 30, 2004) University of Michigan

Socially Responsible Funds and Pension Plans

Hermes Pensions Management

Hermes Pensions Management by Pat Dolan

Universities Superannuation Scheme (USS)

How To Be a Responsible Pension Fund: A manual on how to evaluate your fund managers for pension funds who have a commitment to corporate governance and or responsible investing

USS Statement on Socially Responsible Investment

USS and Socially Responsible and Sustainable Investment: An Overview

FAQs about USS

USS Voting and Engagement Policy

USS Statement of Investment Principles

Other Links:

Shareholder Association for Research and Education (SHARE)

The Ethical Investor - A seminal 1972 book about Ethics and University Investments

Responsible Endowments Coalition

Sample Proposals from Other Universities

Useful Media Resources from Socialfunds.com


Other Documents:

Overview of status of socially responsible investing at various US colleges and universities

"Acting Like Owners: Proxy Voting, Corporate Engagement And The Fiduciary Role Of Pension Trustees" An article by Gil Yaron, Director of Law & Policy, Shareholder Association for Research and Education

Socially Responsible Investment in Higher Education by Darby Jack and Michael Miller

Know What You Own: The Complications of Socially Responsible Investing by Peter Keating. Money, Nov 1, 1999

2004 US University/College Endowment Rankings from: 2004 NACUBO Endowment Study National Association of College and University Business Officers

A Legal Framework for The Integration of Environmental, Social and Governance Issues Into Institutional Investment from: United Nations Environment Programme Finance Initiative (UNEP-FI) and Freshfields Bruckhaus Deringer

Questions? Contact Ran Goel
Please direct questions about the website to the webmaster, Howard Tam

Last Updated November 10, 2005